US President Donald Trump via Twitter in the last minut:
“I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!”
As of writing, the USD/TRY was up 11.7% on the day at 6.20.
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